The American subsidiary of beauty retailer Sephora from the LVMH group is the object of a class action suit in the US in a case of discrimination against minority customers, in this case Chinese/Asian customers.
Embattled British retailer Tesco has handed its new boss Dave Lewis a potentially lucrative "golden hello", awarding him options for 1.66 million shares to compensate for benefits he surrendered when he quit his previous job.
Tesco reported a bigger than expected hole in its finances on Thursday after finding accounting mistakes had gone back further than initially thought, forcing Britain’s biggest grocer to scrap its full-year profit outlook.
Initial warnings from the insider who blew the whistle on a 250 million pounds ($406 million) accounting scandal at Britain's biggest retailer Tesco were ignored, the Sunday Times reported, citing a senior source at the supermarket.
German books-to-cosmetics retailer Douglas has asked for second-round bids for its Christ jewellery arm in a potential deal worth more than 400 million euros ($517 million), two sources familiar with the deal said.
L'Oreal said on Monday it had signed an agreement to acquire Niely Cosmeticos Group which it said was Brazil's largest independent hair coloration and hair care company. Financial terms were not disclosed.